Deutsche Bank wants to shed 1,300 German posts: report

The biggest German bank, Deutsche Bank, wants to eliminate or farm out 1,300 German jobs, but without resorting to outright redundancy, the daily Die Welt said on Wednesday.

In late 2008, Deutsche Bank employed 80,000 people worldwide, including almost 28,000 in Germany. It warned in March however that some jobs might be cut.

The bank appears to have rebounded from the international financial crisis after suffering a hit last year. In both the first and second quarters of this year it has posted net profit of more than one billion euros (1.46 billion dollars) however.